DraftKings upgraded to Buy at Bank of America, shares climb from recent slide
The upgrade reflects Wall Street's view that prediction markets and iGaming optionality offset a sharp multi-week selloff in DKNG shares.
Legal Sports Report · +14 outlets
Nebraska online sports betting campaign spending tops $14.65M ahead of referendum vote
Major gaming operators are funding the campaign as Nebraska voters weigh legalizing online sports betting at the ballot.
RG.org · +3 outlets
Prediction markets squeeze sportsbooks as customer acquisition costs rise
Kalshi and Polymarket-style event contracts are competing for the same bettors and driving up marketing costs for traditional operators.
Bonus.com · +5 outlets
Coinbase agrees to stop offering sports prediction markets in Michigan
The Michigan Gaming Control Board said Coinbase will not list new sports event contracts in the state, extending the regulatory crackdown on prediction markets.
Sbcamericas · +14 outlets
Fanatics plans up to $1B betting marketing push in 2027 to chase FanDuel and DraftKings
Fanatics is preparing a massive spend to convert its fan base into a top-tier sportsbook, per CEO Michael Rubin.
Yogonet · +7 outlets
Gaming regulators groups press Supreme Court to hear New Jersey's Kalshi case
IAGR and NAGRA filed a joint amicus brief supporting New Jersey's challenge to Kalshi's sports event contracts.
Sbcamericas · +14 outlets
AGA, tribal leaders and casino giants attack prediction markets at G2E
Rhetoric against prediction markets at the Global Gaming Expo marked one of the industry's sharpest public escalations on the issue.
Sbcamericas · +8 outlets
PrizePicks pulls Missouri sports event contracts; Kalshi takes case to media
PrizePicks exited Missouri voluntarily even though the state attorney general's cease-and-desist wave excluded the company.
Sbcamericas · +3 outlets
Flutter Entertainment reports Q2 2026 results; shares down 20% since May
Flutter's earnings call transcript landed as analysts debated whether the stock's slide understates the company's underlying performance.
Benzinga · +14 outlets
DraftKings Q2 2026 earnings disappoint; CEO says predictions growing faster than expected
Management flagged prediction markets as a faster-growing opportunity even as quarterly results missed and the stock slid after hours.
Stocktwits · +4 outlets
Senator says sportsbooks VIP betting inquiry will expand
FanDuel detailed its VIP program practices in new letters to Congress, including about 30 personalized athlete videos sent to customers.
Front Office Sports · +1 outlets
FanDuel's per-bet fee returns in Illinois, hitting casual bettors
Illinois reinstated its per-bet surcharge structure, shifting costs onto recreational customers.
Covers.com · +6 outlets
theScore Bet named NFL official betting and casino partner in Canada
The multi-year deal gives theScore Bet national NFL branding rights across the Canadian market.
iGaming.org · +11 outlets
Virginia iGaming push sets up short-session test in 2027
Virginia came close to legalizing online casino in 2026 before conference committee talks collapsed, leaving unfinished consumer protection work.
Sbcamericas · +3 outlets
BetMGM and Fanatics drive Kentucky sports betting growth
Kentucky's sports betting market continues to expand with two challenger brands taking share.
Legal Sports Betting
NFL betting handle builds as sportsbook results swing in first month of season
Early-season NFL volume is rising, though bookmaker hold has been volatile across the opening weeks.
Legal Sports Report · +4 outlets
North Carolina sports betting handle tops $520M in August
North Carolina's monthly wagering volume held above half a billion dollars.
Betting News · +1 outlets
August Ohio sports betting revenue shows another down month
Ohio's sportsbook revenue declined again in August, continuing a soft run for the state's operators.
Legal Sports Betting